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UPS Union Issues
Union Politics - 804 members coming soon agitator 2
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<blockquote data-quote="just chillin&#039;" data-source="post: 1210398" data-attributes="member: 33261"><p>from what i researched, i dont think there was ever a pension "meeting" on or scheduled for Oct 15th. it seams that Oct 15th is a <strong><em>deadline</em></strong> for a pension financial form to be filed with the IRS. form 5500 or in this case extended form 5558. from the IRS website...</p><p><span style="font-size: 12px"><em>"Pension and welfare benefit plans must generally file the Form 5500 to report their financial condition, investments and operations."</em></span></p><p><span style="font-family: 'sans-serif'"><em><span style="font-size: 12px">10/15: Extended Form 5500 must be filed (All Plans) </span></em>.</span></p><p><span style="font-family: 'sans-serif'">ok so after i found that, i reread the "letter of intent" about the pension increase. to my understanding that letter states the increase was pretty much a done deal<u>and signed off on</u> <em><strong>as long as the supplement was ratified </strong></em>so no additional vote or meeting would be needed. i think the increase going into affect Jan 1 2014 all depended on what dollar numbers (for future contributions by the company) were filled into what blanks on that form 5500 that had to be submitted to the IRS by Oct 15th under the pension protection act. now this is just me speculating and using some common sense. i could be way off here but its food for thought for everyone and anyone hearing or spreading rumors.</span></p><p><span style="font-family: 'sans-serif'"></span></p></blockquote><p></p>
[QUOTE="just chillin', post: 1210398, member: 33261"] from what i researched, i dont think there was ever a pension "meeting" on or scheduled for Oct 15th. it seams that Oct 15th is a [B][I]deadline[/I][/B] for a pension financial form to be filed with the IRS. form 5500 or in this case extended form 5558. from the IRS website... [SIZE=3][I]"Pension and welfare benefit plans must generally file the Form 5500 to report their financial condition, investments and operations."[/I][/SIZE] [FONT=sans-serif][I][SIZE=3]10/15: Extended Form 5500 must be filed (All Plans) [/SIZE][/I]. ok so after i found that, i reread the "letter of intent" about the pension increase. to my understanding that letter states the increase was pretty much a done deal[U]and signed off on[/U] [I][B]as long as the supplement was ratified [/B][/I]so no additional vote or meeting would be needed. i think the increase going into affect Jan 1 2014 all depended on what dollar numbers (for future contributions by the company) were filled into what blanks on that form 5500 that had to be submitted to the IRS by Oct 15th under the pension protection act. now this is just me speculating and using some common sense. i could be way off here but its food for thought for everyone and anyone hearing or spreading rumors. [/FONT] [/QUOTE]
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